India · Delayed Price · Currency is INR DLF Limited Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY26 saw record collections, robust revenue and profit growth, and a strengthened balance sheet. The rental and super luxury segments performed strongly, with high occupancy and dynamic pricing. Outlook remains positive with a strong launch pipeline and continued high collection efficiency.
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Q2 FY25 saw over INR 4,300 crores in new sales, strong luxury demand, and robust rental growth. Debt was reduced, dividend payout rose 20% YoY, and guidance for FY26 pre-sales was maintained. High occupancy and strong cash flows support a positive outlook.
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Sales bookings surged 78% year-over-year to INR 11,435 crore, with robust embedded margins and strong rental growth. Debt reduction, high occupancy, and a solid launch pipeline support a positive outlook, while cash flow and margin strength remain key priorities.
Fiscal Year 2025
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Record sales and collections drove robust cash flow and profitability, with ROE surpassing 10%. Rental and residential segments both saw strong demand, and major launches are planned for FY2026. Outlook remains positive with continued focus on execution and financial discipline.
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Q3 delivered record pre-sales, strong cash flows, and a return to four-digit profits, driven by the Dahlias project and robust rental business. Office and retail vacancies declined, major CapEx projects are progressing, and legacy tax risks are being resolved with a INR 900 crore provision.
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Strong H1 pre-sales and cash flow position the business to meet its ₹17,000 crore sales guidance, with Dahlias and Privana launches driving growth. Rental EBITDA is set to rise sharply as new assets come online, and gross debt is targeted to reach zero within a year.
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Pre-sales hit INR 6,400 crore with strong cash flow and robust rental business. Guidance for pre-sales may be revised upward as new launches ramp up, and collections are expected to remain strong. Margins and demand remain healthy across segments.